Resource Code: Innovating the VC Firm with Platform & Community | Rob Hayes, First Round Capital

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Innovating VC with Platform and Community

description

Rob Hayes, Partner, First Round Capital Since the beginning of venture capital time, the "product" that VCs offer has been money and , if you were lucky, a smart partner. That is changing quickly as investors begin to use platforms and network effects to improve the quality if the offering they bring to the companies they work with. Come hear how one leading venture firm thinks about how they can best serve their customers.

Transcript of Resource Code: Innovating the VC Firm with Platform & Community | Rob Hayes, First Round Capital

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Innovating VC with Platform and Community

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An entrepreneur’s job is complex

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Venture Business is Simple

Simple ≠ Easy

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2. Help Companies

1. Pick Companies

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2. Help Companies

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1. Money

2. Partner Advice

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1. Money

2. Partner Advice

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1. Money

2. Partner Advice

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Operating experience

Portfolio experience

Time

Valu

e o

f exp

eri

en

ce

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- Knowledge “how do I do x?”

- Talent

- Business Development/Partnerships

- Research/Insights

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Venture

Capitalist Company 3

Company 2

Company 1

Company 4

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1. Money

2. Partner Advice

Where’s the Innovation?

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What Should You Be

Asking For From Your

VC?

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We Asked Ourselves the

Same Question

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Venture

Capitalist Company 3

Company 2

Company 1

Company 4

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Venture

Capitalist

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Company 3

Company 2

Company 1

Company 4

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2005

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CEOs-

Please forward this (immediately) to anyone you know with MySQL scalability and tuning expertise.

Have them call me at xxx.xxx.xxxx!

We thought we prepared for some scale (we spent all last week testing), but we've had about 150,000

unique visitors in the past 24 hours, and over 20,000 signups. Each signup adds 3-4 financial

accounts with hundreds to thousands of financial transactions per account.

Our site is crawling, and we've isolated it to our MySQL DB. I think we have the hardware to handle it

(16 GB of mem, 15,000 RPM RAID 10 disks, 8-CPU box). However, we need a real expert to:

1) Make sure we have the right configuration parameters and caching (immediately)

2) Help us with database partitioning or replication strategies (in the next few days)

We're well funded. We can pay well for assistance.

Even if it's just a simple phone call to give us any pointers we might not have thought of, we could use

the help.

Thanks,

Aaron

Founder & CEO, Mint.com

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Peer to Peer Model

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- Curated

- Trusted

- Collaborative

- Confidential

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Built Tons More

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70 Events

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70 Events

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70 Events

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70 Events

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70 Events

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The Result

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- Software driven network effects

- Transformative value outside of the C-Suite

- More successful companies

- More fun

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1. Money

2. Partner Advice

3. Community / Network

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Push Your VC Partners

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Thank You